If the correlation between GDP and y is 0, we say y is
A) procyclical.
B) acyclical.
C) countercyclical.
D) tricyclical.
B
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Assume a company has a cafeteria where it lets all its workers eat without making them pay up front. Instead, at the end of the month the total cost of eating at the company cafeteria is added up and divided by the total number of workers
This amount is then deducted from each worker's paycheck. Explain how this practice may lead to a negative externality.
A narrow bid-asked spread on a security can be expected if
A) price fluctuations are large. B) liquidity costs are high. C) transactions volume is large. D) the market is thin.
For the CPI. the value of the index in the base year
A) always equals 100. B) depends upon price and quantity that are constantly changing. C) is always greater than 100. D) depends upon what prices did the year before.
Resources are divided into the following broad categories:
a. people, money, and machines b. saving, spending, investment, and capital c. human, technological, and government d. natural resources, labor, capital, and entrepreneurial ability e. free, scarce, abundant, and unlimited